ONE STEP CLOSER THERAPEUTIC HORSEMANSHIP INC (EIN 161774140) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

MARK KEIRSTEAD

Phone

4087783567

Tax Period

2024-01-01 to 2024-12-31

ONE STEP CLOSER THERAPEUTIC HORSEMANSHIP INC, founded in 2006, is a small nonprofit in the Diseases & Disorders sector that reported $175K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $203K exceeded revenue, resulting in a 16% operating deficit.

Mission

THERAPEUTIC EQUESTRIAN PROGRAM TO FACILITATE HEALING AND HELP PEOPLE WITH DISABILITIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $157,190

Program Service Revenue $17,638

Investment Income $0

Other Revenue $0

TOTAL REVENUE $174,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,356

Fundraising Expenses $9,857

Program Expenses $187,303

Other Expenses $135,925

TOTAL EXPENSES $203,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$174,828	$217,450	-0.2%
Expenses	$203,281	$237,673	-0.1%
Net Income	$-28,453	$-20,223	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$53,000

Total Directors

$53,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KEIRSTEAD	PRESIDENT/EXECUTIVE DIRECT	20.00	Officer Director	$0	$0	$0
LANDA KEIRSTEAD	VP/SECRETARY	20.00	Officer Director	$53,000	$0	$53,000
ELLEN MEINELT	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY JORGENSON	BOARD MEMBER	8.00	Director	$0	$0	$0
CAROL MURRAY	BOARD MEMBER	12.00	Director	$0	$0	$0
DAVE WORTHING	BOARD MEMBER	8.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$174,828	$203,281	$180,766	$-28,453
2023	$217,450	$237,673	$217,433	$-20,223
2022	$226,096	$210,821	$241,849	$15,275
2021	$131,106	$162,772	$228,364	$-31,666
2020	$218,911	$168,193	$259,930	$50,718
2019	$194,271	$181,741	$122,812	$12,530
2018	$169,193	$158,882	$110,282	$10,311

ONE STEP CLOSER THERAPEUTIC HORSEMANSHIP INC